Richest Politicians In Nigeria and Their Net Worth in 2022

  • Post category:Richest

Will you like to know the richest politicians in Nigeria today? Then sit back and relax as I show you the richest men and women that are actively involved in the Leadership of Nigeria.

It is no news that Nigeria is not only home to the richest pastors in the world but as well wealthiest entertainers in Africa (including comedians). It is also home to some of the wealthiest politicians in Africa.

As a matter of fact, it is reported that the allowances received in a year by American leaders are nothing compared to that of their Nigerian counterparts.

From Local to State and Federal levels, Nigerian politicians are stinkingly rich compared to those of other countries. Let me show you some of the wealthiest among them.

Richest Politicians In Nigeria 2022

Below are Nigeria’s top 10 richest politicians. This list has been compiled based on their current net worth by Forbes or their personal assets declaration.

images of richest politicians in Nigeria

1.) Ibrahim Badamasi Babangida – $5 Billion US Dollars (N2.17 Trillion Naira)

  • Current Political position and party – None/None
  • State of Origin – Niger State (Minna)
  • Former Political Positions – Head of State/Military President of Nigeria (1985-1993)

Former Military President of Nigeria, Ibrahim Badamasi Babangida popularly known as IBB, is Nigeria’s richest politician in the country today.

Even without a present political appointment, the wealth he accumulated as Nigeria’s Head of State is enough to put him on the list of the wealthiest politicians in Nigeria.

As an Elder statesman, IBB is actively involved in speaking out against the nature of insecurity and nepotism in the present administration.

2.) Ifeanyi Ubah (Capital Oil) – $1.9 Billion US Dollars (N792 Billion Naira)

  • Current Political position and party – Senator/Young People’s Party (YPP)
  • State of Origin – Anambra State (Nnewi)
  • Former Political Positions –
  • Senator Ifeanyi Ubah aka “Ebube Chukwu Uzo” is the CEO of Capital Oil and Gas PLC and the owner of FC Ifeanyi Ubah.

Before winning the senatorial seat under the Young People’s Party (YPP) in 2019, Ifeanyi Ubah contested for the governorship of Anambra State and lost on different occasions.

His decision to join YPP came as a surprise to many people but even more than that is his winning of the senatorial seat with such a young party.

Sen. Ifeanyi Ubah is not one of those politicians you can accuse of becoming rich by embezzling public funds, before venturing into politics the young man was already making headlines and ranked among the richest billionaires in Nigeria.

3.) Chief Olusegun Obasanjo – $1.8 Billion US Dollars (N751 Billion Naira)

  • Current political position and party – None/None
  • State of Origin – Ogun State
  • Former Political positions – Military Head of State/Democratic president of Nigeria (1976 -1979, 1999 -2007)

Chief Olusegun Obasanjo was a Nigerian military General who became the Head of State from 1976 to 1979. He later came back to power and served as a civilian president from 1999 to 2007.

OBJ as he is fondly called is today one of the most respected past leaders of Nigeria. His impact on the telecommunication sector in Nigeria can never be forgotten in a hurry.

Obasanjo is the owner of the popular Otta farms and has a stake in the telecommunication giant, MTN. He is among the wealthiest politicians in Nigeria presently.

4.) Rochas Okorocha – $1.7 Billion US Dollars (N709 Billion Naira)

  • Current political position and party – Senator/APC
  • State of Origin – Imo State
  • Former Political Positions – Governor of Imo State (2011-2019)

The former governor of Imo State, Chief Rochas Okorocha aka Owella Ndigbo is a businessman, philanthropist, and a very strong political figure in Nigeria today, especially in the South-Eastern part of the country.

His foundation “Rochas Foundation” has built so many schools for the less privileged all over the country and has helped in sponsoring so many young men and women to start up something meaningful as a source of income.

Before winning the governorship seat in 2012, Rochas was already rich and famous all over the country. He is today among the wealthiest political figures in the nation.

5.) Chief Bola Ahmed Tinubu – $1.7 Billion US Dollars (N709 Billion Naira)

  • Current political position and party – All Progressives Congress (APC) 2023 Elections Presidential Flagbearer
  • State of Origin – Lagos State
  • Former Political Positions – Senator (1993), Governor of Lagos State (1999-2007)

Bola Ahmed Adekunle Tinubu is the National Leader of the All Progressives Congress and the former governor of Lagos State.

Chief Bola Tinubu is presently one of the most influential men in Nigeria’s politics. His support of Muhammadu Buhari’s presidential ambition is one of the major reasons the latter is the current president of Nigeria.

Though Tinubu recently came under backlash on different social media platforms for his feud with Ambode and support for Buhari whom many people consider a failure due to his poor economic policies, Tinubu is still waxing strong and strong politically.

As a matter of fact, many people say he has his eyes set on the presidential seat in the coming 2023 general elections.

Whether this is true or not, we cannot say for sure but rumor has it his campaign posters have been in different parts of Lagos.

6.) Orji Uzor Kalu – $1.6 Billion US Dollars (N667 Billion Naira)

  • Current Political Position and Party – Senator/APC
  • State of Origin – Abia
  • Former Political Positions – Governor of Abia State

Senator Orji Uzor Kalu sits among the richest politicians in Nigeria presently. Talk about the top 10 richest businessmen in the country and you will still find his name.

Orji Uzor Kalu is so wealthy that he is also among the top ten wealthiest people in Nigeria (men and women combined). The former Governor of Abia State is not just a senator alone today, he is an extraordinary businessman.

He is the owner of several successful companies all over the country including the popular SLOK Holdings. His entrepreneurship skills have brought him so many national and international honors.

7.) Alhaji Atiku Abubakar – $1.6 Billion US Dollars (N667 Billion Naira)

  • Current Political Position and Party – PDP’s 2023 Elections Presidential Flagbearer
  • State of Origin – Adamawa
  • Former Political Positions – Vice President of Nigeria (1999-2007)

The Waziri of Adamawa, Alhaji Atiku Abubakar is a former vice president of Nigeria (from 1999 to 2007). He served the country alongside the former president of Nigeria, Olusegun Obasanjo.

Before his full venture into politics, Atiku was the deputy director of the Nigerian Customs Service and as well a businessman.

He is the founder of the American University of Nigeria, Yola. He also owns a Logistics company that he started during his active years in the customs service.

In 2019, Atiku Abubakar contested for the office of the president of Nigeria under the platform of the People’s Democratic Party (PDP) and lost to Muhammadu Buhari of the All Progressives Congress (APC).

The “Turaki of Adamawa” as he is also called today is one of the most respected politicians in the country.

With 4 wives and 27 Children, the former vice president of Nigeria enjoys the comfort of having so many people around him, having grown up as an only child.

8.) Alhaji Adamu Ahmadu Mu’azu – $1.05 Billion US Dollars (N438 Billion Naira)

  • Current Political Position and Party – None/PDP
  • State of Origin – Bauchi State
  • Former Political Positions – Governor of Bauchi State (1999-2007)

Though this man is not as popular as other politicians on this list, he is currently among the top ten wealthiest politicians in the country.

Ahmadu Adamu Mu’azu came into the limelight in 1999 when he won the Bauchi State governorship election and got sworn into office.

In 2003, he won the elections again and remained in office until 2007 when he handed over to his successor. After serving as the governor of Bauchi State, he became PDP National Working Committee chairman.

He remained in that position until new people were elected into office.

9.) Senator Dino Melaye – $1 Billion US Dollars (N417 Billion Naira)

  • Current Political Position and Party – None/PDP
  • State of Origin – Kogi
  • Former Political Positions – Senator Kogi West

The former Senator representing Kogi West, Senator Dino Melaye, is one of Nigeria’s wealthiest politicians.

The senator who became popular last year for his many dramas and his voice against the policies of the current administration is one man you can’t fail to notice in the senate-house.

Melaye who lost in the Primary election for the governorship of his state, Kogi is among the Nigerian leaders that are very active on social media.

On different social networking platforms, Sen. Dino Melaye never ceases to display how much of a blessed man he is in the way he uploads pictures of his exotic cars and mansions.

10.) Rotimi Amaechi – $980 Million US Dollars (N409 Billion Naira)

  • Current Political Position and Party – None/APC
  • State of Origin – Rivers State
  • Former Political Positions – Minister of Transportation, Governor of Rivers State (2007-2015)

Chief Rotimi Amaechi was the former Nigerian Minister of Transportation and the former governor of Rivers State (from 2007 to 2015).

In 2015, Amaechi was the DG of the Buhari Campaign Organization and played a very major role in bringing Muhammadu Buhari into office.

Ever since becoming the Transportation minister under the Buhari-led administration, Amaechi has greatly helped in fixing and reviving our rail transportation system.

He is one of the few ministers that were nominated to serve the country for a second time. He is among the wealthiest politicians in Nigeria today.

Final Statement

Like I said earlier, our country is blessed with some of the wealthiest politicians in Africa and beyond. These top 10 richest politicians in Nigeria listed here are just a fraction of them all.

So if you are still wondering if politics is a lucrative venture in Nigeria, I guess by now you have your answer.

Adebisi Frank

Hi Guys! My name is Adebisi Frank. This website is where I share how much Nigerians of different professions and industries makes and how much the top ones are worth.